IDEAS home Printed from https://ideas.repec.org/a/nwe/iisabg/y2013i4p5-14.html
   My bibliography  Save this article

The Evolutionary Theory of Economic Change, by Richard Nelson and Sidney Winter

Author

Listed:
  • Marcho Markov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The article examines the evolutionary theory of economic change, created by the two American scientists. The history of writing their joint book is investigated in detail. There are analyzed the theses of their predecessors and the closest allies of evolutionism, as well as the Schumpeterian approach, applied by them. The main methods of economic evolutionism, the nature of the mathematical apparatus and the computer modeling of the processes are considered. The fundamental concept of evolutionary economics is characterized in detail the routine, from which the evolutionary theory of the firm is derived. Special attention is paid to the relationship of the evolutionary theory to the methods and tools of macro-economic policy.

Suggested Citation

  • Marcho Markov, 2013. "The Evolutionary Theory of Economic Change, by Richard Nelson and Sidney Winter," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 5-14, December.
    • Handle: RePEc:nwe:iisabg:y:2013:i:4:p:5-14
    as

    Download full text from publisher

    File URL: http://www.unwe.bg/uploads/Alternatives/2013-4-1.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Schumpeterian approach; method of economic evolutionism; institutionalism; evolutionary theory of economic change;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:iisabg:y:2013:i:4:p:5-14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.